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Pregis Announces Third Quarter 2009 Financial Results
Date:11/12/2009

in the Company's indentures and is a significant operating measure used by the Company to measure its operating performance and liquidity. Pregis Holding II Corporation Third Quarter 2009 Supplemental Information (Unaudited) (Amounts and percentage changes are approximations due to rounding.) Gross Margin Calculations ------------------------- Three Months Ended Nine Months Ended September 30, September 30, ------------------ ----------------- (dollars in 2009 2008 Change 2009 2008 Change thousands) ---- ---- ------ ---- ---- ------ Net sales $207,047 $265,188 $(58,141) $588,594 $799,726 $(211,132) Cost of sales, excluding depreciation and amortization (156,088) (205,673) 49,585 (444,144) (624,443) 180,299 -------- -------- ------ -------- -------- ------- Gross margin $50,959 $59,515 $(8,556) $144,450 $175,283 $(30,833) ------- ------- ------- -------- -------- -------- Gross margin, as a percent of net sales 24.6% 22.4% 2.2% 24.5% 21.9% 2.7% ---- ---- --- ---- ---- --- Net Sales by Segment -------------------- Three Months Ended September 30, ------------------ 2009 2008 $ Change % Change ---- ---- -------- --------
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